Major cryptocurrency exchange Kraken has announced that it has bought blockchain infrastructure company and investment manager Staked for an undisclosed amount.
In an announcement Tuesday, Kraken, the crypto exchange targeting a $ 10 billion valuation, said it had added Staked to its portfolio of performance products after the acquisition. The company described the Staked deal as “one of the crypto industry’s largest acquisitions to date,” but did not disclose the amount.
- Kraken users have already committed over 500,000 ETH to staking on the platform
According to Kraken CEO Jesse Powell, Staked users will have access to Kraken’s portfolio of performance products. Staked CEO Tim Ogilvie cited the exchange’s “commitment to supporting proof-of-stake networks” as well as its track record of customer experience and safety in his decision to go ahead with the deal.
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